Two-Family Home with Detached
For Sale
$1,200,000
Pending
19804 Hillside Avenue, Hollis, NY 11423
Two separate apartments include a renovated kitchen and bathroom, a private deck, and an unfinished basement.
Property Size1,536 SF
Days on Market9
Property Features for 19804 Hillside Avenue
General Information
Standard status
Pending
Size
1,536 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,295
Amenities
Unfinished
Yes
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Entrance Foyer,Formal Dining,High Ceilings
No
Public
Driveway, Garage
1536
Building Details
Building Size
1,536 SF
Year Built
1919
Listing Agency:
Douglas Elliman Real Estate
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex contains two apartments: a three-bedroom unit on the first floor and a one-bedroom unit above. The lower apartment has a renovated kitchen and bathroom; the upper unit includes a private deck facing the rear yard. The property also has two full bathrooms, an unfinished basement, and a detached garage with workshop space. The home is offered in as-is condition.
Set on a 37.42-foot by 151-foot lot, the property includes a driveway and parking. Interior features include an eat-in kitchen, formal dining area, entrance foyer, and high ceilings. The first-floor apartment has a bedroom and full bathroom.
Set on a 37.42-foot by 151-foot lot, the property includes a driveway and parking. Interior features include an eat-in kitchen, formal dining area, entrance foyer, and high ceilings. The first-floor apartment has a bedroom and full bathroom.
Key Highlights
- Legal two‑family property with a 3‑bedroom first‑floor apartment and 1‑bedroom upper apartment
- 1,536 square feet on a 37.42' x 151' lot
- Renovated kitchen and bathroom in the first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,547
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,940
$750.9K
Cap Rate 7%
$536,386
$536.4K
Cap Rate 9%
$417,189
$417.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$71.0K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.3K $44.44/SF
− OpEx
−$30.7K −$20.00/SF
NOI
$37.5K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,940
Cap Rate 7%
$536,386
Cap Rate 9%
$417,189
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,547 @ 7.0% cap · market cap 3.13%
Second Best
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.13M
$990.8K – $1.32M
NOI $79,265 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,609
Businesses Nearby
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Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include a renovated kitchen and bathroom, a private deck, and an unfinished basement.
Where is this duplex located?
The property is located at 19804 Hillside Avenue Hollis, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family property with a 3‑bedroom first‑floor apartment and 1‑bedroom upper apartment; 1,536 square feet on a 37.42' x 151' lot; Renovated kitchen and bathroom in the first‑floor unit
